Ruling Provides Roadmap For Navigating Transactions With Fiduciary on Both Sides

Harvard Law School Forum on Corporate Governance

Edward B. Micheletti Peyton V. Carper

Partner Edward Micheletti and associate Peyton Carper review a recent Chancery Court ruling that rejected claims that a co-founder/director was a controller during the purchase of a company in which he held a stake. Mr. Micheletti and Ms. Carper discuss how a special committee process can be structured to guard against potential conflicts.